I. The Financial Aid Offer
To receive financial aid, you must be pursuing an eligible degree or certificate program. Federal financial aid may only be received from one institution for the same period of enrollment. The amount of aid that a student receives cannot exceed the Cost of Attendance for the student's academic program.
To be eligible, you must begin and end all coursework within the Semester Block you choose for your academic program. No coursework for your next semester block can begin until after the end date of your current semester block. Note that each semester block has Priority Filing Dates to secure your spot in the class and ensure receipt of Book Advances.
Important: Financial aid offers are projected based on the cost of attendance and expected family contribution (EFC) of a student enrolled in 16-weeks of instruction per term – the standard length of a Rio Salado College semester block.
If the course enrollment of a student spans less than the 16 weeks of instructional time in the semester block, the student budget and EFC, which are used to calculate financial need may be required to be adjusted.
An adjustment is required if the combined course span less than 14-weeks of the 16-weeks of instruction of a semester block.
After the 7 day drop/add period of each students coursework within a semester block, the course enrollment of each financial aid recipient will be reviewed to determine whether an adjustment is required.
II. Deferred Tuition Payment
The tuition payment deadline is the Wednesday two weeks prior to your Semester Block Start Date. You will be dropped from your classes if you have not secured an anticipated financial aid award or have not enrolled in the college's tuition payment plan.
If you decide to enroll in a Semester Block Start Date but miss the financial aid Priority Filing Date, you are responsible for making payment arrangements with the college. For your convenience, Rio Salado College offers a tuition payment plan, eCashier.
Note for students selected for Federal Verification: Incomplete or insufficient submissions that are not resolved may cause processing delays. The Financial Aid Office will notify you if there is a problem with your submission. Check your Student Center at my.maricopa.edu for updates.
III. Book Advances
Students in good academic standing who have pending aid and/or scholarships sufficient to cover tuition and fees may be eligible for a Book Advance. Students are not considered in good academic standing if they are on suspension for not meeting the Satisfactory Academic Progress (SAP) Policy. Students who qualify to receive a Book Advance have the right to opt out. In that case, funds designated as Book Advance monies will be included with the student's financial aid refund. More information about Book Advances.
IV. Disbursement of Aid
A financial aid award must be processed before a student can receive their disbursement. Typically, this process can take between 4 to 6 weeks to complete, but may take longer. Note that enrolling in classes with different starting dates may delay the distribution of financial aid monies. Also note that disbursement amounts will be prorated if the student's coursework is substantially less than the 16-week semester block.
Financial aid disbursements are processed by Rio Salado's Cashier's Office, and are made after the student's class participation has been verified. This typically happens during the second week of classes.
For continuing students to be eligible to receive disbursement, all grades from prior terms must be posted. Students must also demonstrate that you are meeting the college's Satisfactory Academic Progress (SAP) policy.
Financial aid funds are first be applied to the student's outstanding college charges. Any remaining funds are processed through the Maricopa Student Refund Program. It typically takes an additional 7 – 10 business days to receive your refund.
To avoid unnecessary wait times, please monitor your account information in Your Student Center at my.maricopa.edu and your student Gmail account.
Pell Grants disbursements are delivered based on a student's level of enrollment.
- Full Time: Student enrolls and participates in 12 credit hours or more per semester.
- Three-Quarter (¾) Time: Student enrolls and participates in 9, 10, or 11 credit hours per semester.
- Half Time (½) Time: Student enrolls and participates in 6, 7 or 8 credit hours per semester.
- Less Than Half Time: Student enrolls and participates in less than 5 credit hours per semester. NOTE: Based on federal regulation, living expenses are cannot be included in the Cost of Attendance for Less Than Half Time students.
- Post-Baccalaureate Teacher Certification Students: If you have completed a bachelor's degree and are not working toward a aaster's or Ph.D., you may be eligible for Federal Pell Grant funding under the Higher Education Amendments of 1998. To receive your disbursement, you MUST be pursuing an INITIAL Teacher Certification, and be enrolled and participating in AT LEAST 6 credits or more (at Least ½ Time Status) of approved coursework per term. Approved courses are also listed on the Rio Salado Online Post Baccalaureate Teacher Education Program Plan.
Federal Student Loans
Students must be enrolled in and participating in at least 6 credit hours per semester to be eligible for a student loan. Loans have multiple disbursements based on the student's enrollment period. There is a 30-day delayed disbursement for first-time loan borrowers from the date your classes begin. Loans must be repaid with interest.
Students must complete Entrance Counseling and a Master Promissory Note (MPN) prior to receiving their first student loan disbursement, and Exit Counseling before leaving school or if their level of enrollment falls below 6 credit hours in a semester.
If you receive Federal aid and do not attend classes, federal law requires you to repay the monies you have received.
V. Changes to Be Reported
Certain changes can affect your financial aid award and potentially create debt. These changes include adding, dropping or withdrawing from class(es) and changes in residency for tuition purposes. You are responsible to report assistance received from any other sources, including outside donor scholarships, tribal monies paid directly to you or on your behalf, and any other aid.
VI. Satisfactory Academic Progress
All students are expected to understand their responsibilities in regard to the Standards of Satisfactory Academic Progress (SAP). Failure to maintain academic standards may result in withholding or canceling part or all of your financial aid award.
VII. Return of Title IV
In accordance with federal regulations, students may be required to repay federal financial aid if they completely withdraw from all classes or fail to earn a passing grade during a semester. Any refunds and deposits are applied to institutional debts and/or federal programs as regulated by law. Review the entire Return of Title IV Funds Policy
VIII. Revision and Cancelation of Aid
Revisions may be made to your award as a result of changes in your eligibility, academic status, or your failure to comply with federal/state laws and college policies. The college reserves the right to review, revise, or terminate your financial aid award at any time.
All recipients are responsible for complying with all federal, state, and institutional requirements necessary to process and receive financial aid.